RATES & FEES
LOAN RATES – Effective: February 1, 2023
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New/Used Autos * | A+ 750+ Rate | A 695-759 Rate | B 650-694 Rate | C 610-649 Rate | D 575-609 Rate | E 574- Rate |
| 01-36 Months | 4.25% | 4.25% | 6.00% | 9.00% | 13.50% | 18.00% |
| 37-48 Months | 4.25% | 4.25% | 6.25% | 9.50% | 14.00% | 18.00% |
| 49-60 Months | 4.25% | 4.25% | 6.50% | 10.00% | 14.50% | 18.00% |
| 61-72 Months | 4.75% | 4.75% | 6.99% | 12.25% | 16.00% | 18.00% |
| 73-84 Months (Over $30,000) | 5.25% | 5.25% | 9.99% | 13.25% | 17.00% | 18.00% |
Recreational Collateral** | ||||||
| 01-36 Months | 3.00% | 3.50% | 6.75% | 9.75% | 14.50% | N/A |
| 37-48 Months | 3.50% | 4.00% | 7.50% | 10.75% | 14.75% | N/A |
| 49-60 Months | 4.00% | 4.50% | 9.00% | 11.75% | 15.00% | N/A |
Unsecured | ||||||
| Signature 0-60 Months | 9.00% | 11.00% | 13.00% | 15.00% | 17.00% | 18.00% |
| $10k | $7,500 | $5,000 | $3,500 | $2,000 | $1,000 | |
Christmas Loan | 15.00% | |||||
No Credit Check Loan | 28.00% | |||||
VISA** | 9.99% | 13.99% | 15.99% | 16.99% | 18.00% | N/A |
Share & Certificate Secured | ||||||
| Share Secured | 3.00% above dividend rate, unless no dividend is paid, then floor rate is at 4.50%. | |||||
| Share Certificate Secured | 3.00% above certificate annual percentage yield (APY), unless no dividends are paid, then floor rate is 4.50%. | |||||
* If a used auto is over 5 calendar years old, add 2% to the above-listed rate. Auto floor rate is 2.75%.
** No VISA or Recreational loan will be approved with a score less than 575.
All rates, terms, fees, and processing charges are subject to change without notice. All loans are subject to credit approval. Performance levels are determined by credit ratings and other criteria. For updated information, please contact the Credit Union at (601) 354-6544. All quoted loan rates are APR rates (annual percentage rates).
SAVINGS & CERTIFICATE SHARE RATES
| Shares (Savings) | $1000.01 | 0.1% | 0.1% | Quarterly |
| Shares (Savings) | $5,000.01 | 0.2% | 0.2% | Quarterly |
| Shares (Savings) | $20,000.01 & up | 0.3% | 0.3% | Quarterly |
| Share Certificate (CD): 6 Months | $500.00 | 0.05% | 0.05% | Quarterly |
| Share Certificate (CD): 12 Months | $500.00 | 0.10% | 0.10% | Quarterly |
| Share Certificate (CD): 24 Months | $500.00 | 0.20% | 0.20% | Quarterly |
| Share Certificate (CD): 36 Months | $500.00 | 0.35% | 0.35% | Quarterly |
| Share Certificate (CD): 48 Months | $500.00 | 0.35% | 0.35% | Quarterly |
| Share Certificate (CD): 60 Months | $500.00 | 0.35% | 0.35% | Quarterly |
All rates, terms, fees and processing charges are subject to change without notice. For updated information, please contact the Credit Union at (601) 354-6544.
FEE SCHEDULE – Effective: July 1, 2022
| Fee Type | Fee Description | Amount |
|---|---|---|
| Non-Sufficient Funds (NSF) (Check/ACH) | Charged when an automated item attempts to clear a share draft or savings account, by Check or ACH and there are insufficient funds to cover the item, whether paid or not. | $30.00 |
| Returned Deposited Item (Check/ACH Deposit) | Charged for deposit/payments that are returned to the Credit Union stamped “NSF, Account Closed or other reasons.” | $30.00 |
| Stop Payment Member Check or ACH Item | Charged when the CU places a stop payment order n a check drawn on a member share draft account or ACH item drawn on a member’s share draft. | $30.00 |
| Stop Payment CU Check | Charged when the CU places a stop payment on a CU issued check prior to 10 business days from issuance. | $36.00 |
| CU Check | First (2) CU checks free in a month; all others are charged. | $5.00 |
| Statement (Copy) | Charged when the CU makes a copy of an account statement. | $5.00 |
| Account Research | Charged when the CU performs account research. | $20.00/hour (1 hour minimum) |
| Statement Reconciliation | Charged when the CU reconciles a member statement. | $20.00/hour (1 hour minimum) |
| ATM/Debit Card Replacement | Charged when the CU orders a replacement card. | $12.00 |
| PIN Replacement | Charged with the CU orders a new PIN for member. | $5.00 |
| ATM Withdrawal | Charged for withdrawals except at MS DHS FCU’S ATM or ATM’S listed on CU24. | $2.50 |
| Money Orders | Charged for each money order. | $1.00 |
| VISA Over Credit Limit | Charged when a VISA credit balance goes over the approved limit. | $25.00 |
| VISA Documentation | Charged when CU must obtain VISA Card documentation. | $12.00 |
| VISA Replacement Card | Charged when the CU orders a replacement VISA Credit Card. | $65.00 |
| VISA Late Payment Fee | Charged if the payment is more than 25 days late. | $25.00 |
| VISA Pay by Phone | Charged for VISA Payment by telephone. | $10.00 |
| VISA Returned Payment | Charged for returned check for payment on VISA. | $25.00 |
| Christmas Club Withdrawal | Charged for withdrawal from Christmas Club prior to the end of the Christmas Club term. | $25.00 |
| Excess Share Withdrawal | Charged for more than two (2) withdrawals from share in one month. | $5.00 |
| Loan Application Fee | Charged for all loan applications. | $20.00/$25.00 |
| Dormant Account | Charged to member account with less than $50.00 and no activity for 6-12 months. Account will close after no funds have been received in the account. | $10.00 |
| Wires | Charged to member for all wires, incoming and outgoing. | $25.00 |
| Mailed Paper Statements | Charged to member account only if you are not signed up for e-statements and member statements come by postal service. Effective August 1, 2022. | $2.00/month |